Can You Deduct Whole Life Insurance Premiums?

  1. 175 POINTS
    Kathy Miller
    Owner, NTI Agency, Inc, Mooresville, North Carolina
    Yes we can set your account up to deduct your payment from your checking or savings account monthly. You will be provided with a bank draft form that you will then sign. We will also collect a copy of a voided check to go with this bank draft form. This will be sent to the company for them the set your whole life policy up to deduct your insurance premium monthly from your account automatically. This will help to assure that your payment is made ever month on time.
    Answered on September 2, 2014
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